Newport County Report £760k Loss Despite Owner Cash Injection

Newport County recorded an operating loss of approximately £760,000 for the 2024–25 season, with owner Huw Jenkins injecting more than £1m in loans to support the club’s finances.

Jenkins, the former Swansea City chairman, completed a £500,000 takeover of the League Two side in January 2024, initially helping to halt a run of losses previously described as “­unsustainable”.

However, the club’s latest accounts, covering the period to June 2025, show further financial challenges, including a £400,000 drop in income and continued reliance on owner backing.

The accounts confirm that Newport remain “reliant upon the ongoing support” of Jenkins, who revealed in December he had provided around £3m in total loans since taking over.

In the accounts, Jenkins stated: “It goes without saying to help the club achieve stronger financial results the club must find ways to improve and maintain consistent performances throughout the season that in turn will help grow the commercial activities.

"With that combination Newport County can start to move forward from the recent year on year fight for survival that currently exists.”

The club’s financial difficulties were compounded by a lack of on-field success, finishing 22nd in League Two, as well as reduced commercial income. The previous season’s turnover of £4.58m, below the league average of £6.6m, had been boosted by an FA Cup run featuring a high-profile tie against Manchester United.

Additional pressures include infrastructure costs, with Newport not owning their stadium or training facilities. The club pays around £1m per year to play at Rodney Parade, owned by Dragons RFC.

Wages rose to “above £2.5m”, representing a significant proportion of overall expenditure, while the accounts also reference a historic bad debt write-off and increased investment in facilities for players and staff.

Jenkins added: “Overall, there has to be continued focus to drive revenues up and increase our commercial and community engagement to promote the club all over the County, working closely with all potential partners can help build the off-field income to a level that can truly support the club's ambition moving forward.

"The medium and long-term future of the club can strengthen, when the club can operate with limited external funding that cover basic running costs of a League Two club and we see investment as a mechanism to provide motivation and growth moving forward.”